Listed by CBRE - Orange County
$3,595,000
SFR & 2 Units in Laguna Beach | Ocean Views | Steps from Main Beach
Details
APN 496-094-17
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,979
Net Rentable (SqFt) 1,979
Units 2
Pro-Forma Cap Rate 3.01%
Pro-Forma NOI $108,291
Price per SqFt $1,817
Year Built 1939
Year Renovated 2026
Buildings 2
Stories 2
Lot Size (SqFt) 3,514
Parking Spaces 1 spaces
Parking Per SqFt 0.51
SFR & 2 Units in Laguna Beach | Ocean Views | Steps from Main Beach
Marketing description
Download Offering Memorandum: https://multifamilysocal.com/listings/216cliffdr/
Investment highlights
- RARE COASTAL MULTIFAMILY OFFERING - 216 Cliff Drive presents an exceptional opportunity to acquire a coveted 3-unit multifamily property in one of Southern California's most sought-after coastal enclaves. Opportunities of this caliber in Laguna Beach rarely come to market.
- PREMIER LAGUNA BEACH ADDRESS -
- Situated on the prestigious Cliff Drive corridor, this property commands an address synonymous with luxury coastal living. Moments from world-class galleries, acclaimed dining, and the pristine shores that define the Laguna Beach lifestyle.
- SWEEPING OCEAN VIEWS - Two of the three residences are graced with breathtaking Pacific Ocean views, a defining amenity that commands premium rents and ensures enduring desirability.
- DISTINGUISHED UNIT MIX - The property features a thoughtfully curated mix of three distinct residences, including a detached two-bedroom/one-bathroom single-family home at the front, a one-bedroom/one-bathroom upper unit in the rear building, and a studio residence on the ground level, offering versatile flexibility for the discerning owner-user or investor.
- METICULOUSLY RENOVATED TURNKEY CONDITION - Over $500,000 in capital improvements have been invested into this property, resulting in a highly upgraded asset delivered in pristine, move-in ready condition. Every detail has been thoughtfully addressed, sparing the next owner from near-term capital expenditures.
- IDEAL OWNER-USER OR INVESTMENT VEHICLE - Whether envisioned as a primary coastal retreat with income-producing companion units, or a pure investment acquisition, 216 Cliff Drive offers the rare combination of lifestyle prestige and strong return fundamentals in a market with virtually no comparable supply.
Listing Contacts
Listed by CBRE - Orange County
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